Tag: compensation fund

Feinberg to Oversee $500 Million Boeing 737 MAX Victim Fund

WASHINGTON—Prominent attorneys Kenneth Feinberg and Camille Biros will be named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday. As part of a settlement with the Justice Department, Boeing in January agreed to pay $500…


Iran Allocates Payment for Downing Ukraine Plane, but Ottawa Says No Offer Yet

DUBAI, United Arab Emirates—Iran’s cabinet has created a compensation fund to pay the families of the 176 victims of a Ukrainian passenger plane that was shot down by Iranian forces outside Tehran last January, the president announced Wednesday. Iran will pay $150,000 for each victim, state TV reported, without specifying a timeline for the awards….